Business briefs

Wednesday

CAMDEN, N.J. -- The Campbell Soup Co. says it's eliminating 770 jobs around the world and shutting down its soup-selling operation in Russia.

The major announcements come just a month before Denise Morrison took over from Douglas Conant as president and CEO of the world's largest soup maker.

The job cuts will include layoffs, most of which will come in July.

About 130 of the 1,200 positions at its headquarters in Camden will be eliminated.

China, Germany sign trade deals

BERLIN -- Wrapping up a five-day visit to Europe on Tuesday, Prime Minister Wen Jiabao of China concluded trade deals in Germany worth more than $15 billion, including a contract to buy 88 Airbus A320 aircraft.

The deals, announced during a signing ceremony in the Chancellery here, signaled an important shift in German-Chinese relations as China tries to modernize its economy and Germany seeks more markets for its high-technology goods.

Strike hits airline in Jamaica

KINGSTON, Jamaica -- The Caribbean airline LIAT says its ground workers in Antigua have gone on strike without warning. The company says no flights have yet been affected.

LIAT spokesman Desmond Brown says the Tuesday walkout by members of the Antigua and Barbuda Workers Union is the result of a wage dispute.

Oil rises ahead of Greek vote

NEW YORK -- Oil climbed more than 2 percent Tuesday ahead of a vote in Greece to approve tough new financial reforms that would shore up its beleaguered economy.

Benchmark West Texas Intermediate gained $2.28, or 2.5 percent, to settle at $92.89 per barrel Tuesday on the New York Mercantile Exchange. In London, Brent crude added $2.79, or 2.6 percent, to settle at $108.78 per barrel on the ICE Futures Exchange.

From News Chief wire reports.

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